A few years ago, the mainstream headlamps in the automotive lighting industry are nothing more than Xenon lamps and halogen lamps.
With the evolution of LED technology, LEDs now have been put into use in automotive lighting pervasively.
According to the market research, the global LED lighting market size was valued at USD 50.91 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 12.5% from 2021 to 2028. The major factors for the growth are that LED headlights are brighter, more efficient and government regulations in line with environmental norms.